Naslov
Poticanje mladih poduzeća u neizvjesnim uvjetima? Evaluacija utjecaja bespovratnih sredstava za mlada mikro i mala poduzeća tijekom recesije
(Bidding against the odds? The impact evaluation of grants for young micro and small firms during the recession)

Autori
Srhoj, Stjepan ; Škrinjarić, Bruno ; Radas, Sonja

Izvornik
Radni materijali EIZ-a

Vrsta, podvrsta
Ostale vrste radova, ostalo

Godina
2018

Ključne riječi
potpore ; recesija ; mlade tvrtke ; preživljavanje na tržištu ; performanse poduzeća ; bankovni krediti
(grants ; recession ; young firms ; survival ; firm performance ; bank loans)

Sažetak
Impact evaluations of entrepreneurship policies targeting young firms have been somewhat neglected thus far in the literature. This paper seeks to contribute to this topic in the context of a long recession period, such as the one experienced in Croatia from 2009 to 2014. These policies awarded small grant amounts for activities such as business plan development, consultancy, marketing and office renovation. Awarding small grant amounts to many firms might be tempting for politicians, but is this political populism or smart policy? This paper estimates the impact of matching grants for business development on three types of outcomes: bank loans, firm survival and firm performance. The full firm-level census dataset was supplemented with entrepreneur-level court register and firm-level data on grant recipients. Policy evaluation was performed using matching techniques with a combination of nearest neighbor and exact matching, and robustness of results was tested using a placebo test and Rosenbaum bounds. The results show that grants had a positive impact on firm survival after the recession, and on obtaining long-term bank loans during the recession. However, no empirical support was found for the grants’ impact on growth in turnover, employment and labor productivity.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA